look at commodity focused areas like energy an materials. we still have global excess capacity in a lot of those areas. that will probably continue to be a laggard. ashley: what about the bond market? a lot of, you know, frenzy around this particular market. is there any part of fixed income you like? perhaps corporate debt in particular? >> in particular, corporate debt, looking out, high yield still looks attractive. i don't know if you can call them high yield anymore. maybe they are medium yield. certainly they are still attractive from an interest rate protection standpoint. they will not suffer as much as interest rates move up. you're getting paid a pretty good amount from those businesses. they have a lot of cash flow right now. that area looks pretty good to us. maybe bank loans as well. another way to focus on gaining credit exposure as interest rates rye, the amount paid on the bank loans will rise as well. that is good insulation against rising interest rates. ashley: as we get into the second-quarter earnings season, jeff, what